Well, I'm not much of a fan of technical indicators, but it would pretty obvious that on basic technical alone we are on an upward phase and through the last bear cycle.
Beyond that there are many major drivers at play which are super bullish for BTC demand.
-Conflict in various parts of the world leading to a demand for assets which are fixed in supply, easily divisible, and transferable across boarders.
-Inflation in many parts of the world, devaluing fiat currencies at a noticeable rate.
-Increasing education and awareness among our citizens as to why a global, uncensorable, uncorruptable, secure, digital, store of value and money, perfectly limited in supply, and decentralized, is so so important into the future we are heading.
-Numerous US BTC ETF's poised for approval for some of the largest funds in the world, which will result in hundreds of Billions of fund inflows into this asset class.
-Increasing understand and regulatory and technical and philosophical and economic understanding as to the difference betwen Bitcoin and "cryptos".
- The 2024 halvening due in around 6 months.
-The increasingly obviousness that the US will (and has almost no choice but to) embark on greater money printing than ever before.
-Ai increasingly making use of BTC as a base layer store of value.
-Countries globally looking to increase income taxes.
...all of which, when you combine with even just a slight increase of demand for this very unique limited in supply asset class, will lead to a MASSIVE upward movement once FOMO takes hold (which will gradually build up and then abruptly take hold and explode in a positive loop upward price cycle).
Oh, and major financial players coming out strongly in support of Bitcoin as the supreme asset class, different and better than all others. Here is a good example, an interview with Fidelity.
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Well, so there we have it @Mayday. Since my buy BTC call of 28 October, we did not have a November collapse as you predicated. Instead, we closed above 38K (well up from 28K on the date of my post). I hope now, (and it should be obvious to all, in hindsight), that all can now understand why I made this prediction and urged others to load up. (BTC's rise will be perpetual over the long term by the way, so no one should feel that they have been "too late", but obviously when we see all the stars align for a pump, we should increase the pace of our buying to benefit from that surge).
As for our discussion on the taxation of gains in BTC in countries who impose capital gains tax on such assets, all I can say, is buy peer to peer (so there is no traceable electronic record of your purchase to any bank account connected with your personal details, and then, when you are ready, use that BTC in a similar manner, or in an off-shore location where no tax is imposed on any gain). This really should only be in a decade or longer after buying. Even though capital gains may be imposed by governments on all assets such as property, art, gold, stock, FX etc BTC's properties are quite unique in terms of you ability to acquire, store and spend it anonymously, (or at least pseudonymously) along with global portability and infinite divisibility.
Capital gains tax, by the way, is incredibly insidious. Lets imagine you buy a house (or Bitcoin, or stock), and your country has a 50% capital gains tax. By halving the value of your currency through money printing, your house (or Bitcoin, or stock), all things being equal, would double (in nominal terms). So the same asset, which you bought for 1m, is now nominally worth 2m, and the Govt then takes 50% of the "gain", effectively having stolen 25% of the real value of your asset. This is why its so important, for those of us in countries who engage in such theft via deception, to know how to defend ourselves against this.
